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Public Procurement as a Demand-side Policy

其他書名	Project Competition and Innovation Incentives
出版	Centre for Economic Policy Research, 2019
URL	http://books.google.com.hk/books?id=jfERxQEACAAJ&hl=&source=gbs_api

註釋We develop a model of project competition to compare two alternative and widely used approaches: (i) A (demand-side) procurement approach, in which the public authority specifies the type of project it will finance and (ii) a (supply-side) grant system, in which any type of project can be funded. The public authority can verify the characteristics of the projects submitted, but does not know which other projects are available. The paper sheds light on the role of public procurement to foster innovation.